Bank failure · MA

Malden Trust Company (Malden, MA) — failed May 15, 1992

Malden Trust Company of Malden, Massachusetts was closed on May 15, 1992 and resolved through a purchase and assumption (insured deposits). Eastern Bank (MA) took over its insured deposits. At failure it held $225.2M in assets and $238.5M in deposits. The FDIC's estimated loss on the failure is $39.4M (17.5% of assets).